Short Sales/REOs

Raleigh NC Foreclosures

Even a prosperous city like Raleigh, North Carolina has not been immune to the global economic downturn. Similar to the rest of the country, this region has seen an increase in distressed properties like foreclosures and short sales coming onto the real estate market – creating an entirely new and highly specialized category of properties for sale. Whether you are a distressed homeowner or interested buyer, navigating Raleigh NC foreclosures requires the aid of a professional.

Raleigh NC foreclosures occur when a distressed homeowner falls behind on their mortgage payments and eventually goes into default. The lender then forecloses on the property, repossessing it and putting it up for auction; thus buyers are able to find and purchase properties at previously unheard of prices that can be as low as the outstanding mortgage. While the excellent discounts seem like reason enough to pursue these Raleigh North Carolina homes, it is important that buyers be aware of the potential disadvantages like being unable to inspect the property beforehand as well as the potential existence of unknown liens and taxes. A real estate agent can help avoid common pitfalls and identify the most promising investments.

For All Foreclosure Needs in Raleigh NC

Are you in danger of foreclosure? I am Realtor® Margie Ax, the leading distressed property specialist serving the greater Raleigh area. Feel free to consult with me at any time on how to avoid the long-term ramifications of losing your home, and ask me about alternatives such as a short sale. Asset managers are also invited to contact me and learn about how my experience, resources and connections can help with their collection of REO and foreclosure properties and connect them to interested buyers.